LUNCH AND LEARN!

Once the goods are received on the dock, we need to pay our suppliers.  Today we’ll learn how to do a 3-way match in AP – purchase order, packing slip and invoice.

Not every supplier invoice will be on a purchase order.  How do you pay items such as rent or utilities?  Miscellaneous Invoice entry is a great way to handle these invoices.  It's easy to do once you know the tricks! Did you know that you can put a Miscellaneous Invoice against a job? Join us!

We've entered our AP invoice. Our suppliers need to be paid. In today's business environment it is common for companies to pay using several methods. This workshop will highlight the similarities and differences between payment methods.

Earliest Apply Date Entry helps control when business transactions can be posted to open fiscal periods. It allows you to set a specific date to resume transaction postings, either by module or across the entire company. The Earliest Apply Date on the Detail card marks the first date when financial transactions can be applied. This feature ensures that transactions don't post until you’re ready, giving you more control over financial periods and preventing accidental postings.

The "Financials: Account Structure & Segments" presentation explains how the Chart of Accounts forms the foundation of a company's financial system in Epicor. Each account is composed of segments that define the categories used for tracking transactions in the general ledger, such as departments or locations. This segmented structure ensures accurate reporting and allows businesses to tailor their financial data, ensuring clear and comprehensive insights.

GL Control Codes bring precision to financial transactions by linking specific general ledger accounts to transaction types, ensuring the right accounts receive the correct financial impact. With about 60 transaction types and around 50 posting rules, the system handles routine activities seamlessly. It follows predefined codes in the account context to post transactions accurately, whether through standard or extended posting rules. This structured, automated approach keeps financial reporting accurate and smooth, simplifying complex processes across various business operations.

How to track R&D efforts using Project Management in Epicor. We will cover the management of expenses and jobs related to R&D projects, with a focus on tracking through various modules like Document Management, Time & Attendance, Reporting & Analytics, and Compliance. This structure helps streamline R&D operations, ensuring accurate tracking and reporting for financial credits and compliance requirements, ultimately supporting more efficient research and development efforts within a business.

The presentation covers various aspects of Purchase Management in Epicor, including Part Setup for Warehouse & Bin, Blanket and Kanban POs, Purchase Order Setup, and PO Approvals. It emphasizes best practices like adding releases, automating PO updates, and handling estimated annual vs. monthly usage (EAU vs. MEU). It also discusses blocking mistakes, verifying PO updates with buyers, and managing a dashboard for expiring and maximized blanket POs, streamlining procurement processes for improved efficiency.

The purchasing department and the shop floor have been busy. But they don’t realize what a "mess" they have created for accounting. Let's learn about the timing of capturing those costs and how to discover where they originated so we can fix current and future transactions. And, it won't be too spooky!